Cincinnati Financial Corporation $CINF Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC decreased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the insurance provider’s stock after selling 248 shares during the quarter. BKM Wealth Management LLC’s holdings in Cincinnati Financial were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CINF. Quintet Private Bank Europe S.A. acquired a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $25,000. Spire Wealth Management increased its stake in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Cincinnati Financial during the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial during the first quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial during the first quarter worth $32,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CINF shares. Roth Capital raised their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $157.25.

Cincinnati Financial Trading Up 1.1%

NASDAQ:CINF opened at $153.02 on Friday. The firm has a market cap of $23.93 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72. The stock has a fifty day moving average price of $155.54 and a 200 day moving average price of $148.35. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.Cincinnati Financial’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s payout ratio is 30.18%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.